The Situation
IWC Food Service, a longstanding family enterprise with over six decades of history, found itself at a pivotal juncture. With the second generation at the helm and no clear generational successor, the current leadership was contemplating retirement. Engaging legal counsel for guidance on transition and estate planning, the owners
were advised to consider consulting with Dinan Capital Advisors to navigate this critical phase in IWC's evolution.
Our Services
IWC came to Dinan with one offer in hand. While vetting that offer, Dinan developed additional potential acquirers, reviewed IWC's financial and operational past, and helped the owners create a detailed projection model, backed by specific initiatives. Dinan then approached the market, engaged with qualified parties, collected competitive bids, negotiated the letter of intent and managed the diligence process, working closely with counsel, through a successful close.
Our Results
Dinan successfully advised IWC on its sale to US Foods (NYSE: USFD), securing a transaction that aligned with the owners’ goals while positioning the business for continued success under new ownership. The final transaction price was in excess of 2x the original offer (with a different buyer) that IWC was considering.
Learn More
Connect with Dinan Capital Advisors Managing Director Rob Ullman or Senior Vice President Mike Reister for further insight on this transaction.
This is an exciting day for IWC Food Service, and we would like to thank Rob Ullman and his team at Dinan Capital Advisors for helping us navigate this process, and importantly, find us an ideal partner in US Foods for this next phase of our family company.
